Description

NSE announces adjustment of Futures and Options contracts for BANKBARODA (Bank of Baroda) due to dividend of Rs 8.50/- per share with ex-date of June 5, 2026.

Summary

NSE has announced the adjustment of Futures and Options contracts in BANKBARODA (Bank of Baroda) pursuant to SEBI guidelines on corporate action adjustments. Bank of Baroda has declared a dividend of Rs 8.50/- per share on a face value of Rs 2/-, with the ex-date and effective date set for June 5, 2026. Revised option strike prices and futures base prices will be communicated one day prior to the ex-date.

Key Points

  • Symbol: BANKBARODA (Bank of Baroda)
  • Corporate action type: Dividend
  • Face value: Rs 2/- per share
  • Dividend amount: Rs 8.50/- per share (425% of face value)
  • Ex-date / Effective date: June 5, 2026
  • Revised option strike prices will be published one day before ex-date
  • Adjusted strike/futures base prices and lot sizes may appear in decimal places, rounded to nearest tick size and nearest integer respectively

Regulatory Changes

In line with SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions, NSE will revise option strike prices and futures base prices for BANKBARODA contracts. The methodology for position adjustments will be separately intimated by the respective Clearing Corporation.

Compliance Requirements

  • Members must load the updated contract files on their trading applications before trading on the ex-date (June 5, 2026)
  • Required files to update:
    • Contract file: NSE_FO_contract_ddmmyyyy.csv.gz
    • Spread file: NSE_FO_spdcontract_ddmmyyyy.csv.gz
  • Files are available from the faoftp/faocommon directory on the Extranet server
  • Files are also available on the NSE website at the All Reports - Derivatives section
  • Adjustment details reference: https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments

Important Dates

  • Circular Date: May 12, 2026
  • Ex-date / Effective Date: June 5, 2026
  • Revised strike price publication: June 4, 2026 (one day prior to ex-date)
  • Contract file reload deadline: Before trading begins on June 5, 2026

Impact Assessment

This circular impacts all members and traders holding Futures and Options positions in BANKBARODA. The dividend of Rs 8.50/- per share represents a significant 425% payout on the Rs 2/- face value, which will result in material adjustments to option strike prices and futures base prices. Traders with open F&O positions in BANKBARODA should anticipate revised contract parameters effective June 5, 2026. Members failing to update contract files risk trading on stale parameters. The position adjustment methodology from the Clearing Corporation should be monitored separately.

Impact Justification

Standard F&O contract adjustment circular for a significant dividend (Rs 8.50/- on Rs 2/- face value = 425% payout). Affects all derivative traders holding BANKBARODA F&O positions; requires members to reload contract files before ex-date trading.